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68-463: The ESPN Wide World of Sports Complex is a 220-acre (89 ha) multi-purpose sports complex located at Walt Disney World in Bay Lake , Florida , United States , near Orlando . The complex allows families to combine tournaments and competition with a visit to vacation destinations in the area. The complex includes nine venues and hosts numerous professional and amateur sporting events throughout

136-479: A joint venture with A.T. Williams Oil Co. of Winston-Salem, North Carolina . The company and the gas stations were changed and called WilcoHess . After the joint merger, there existed some 1200 WilcoHess stations. Following on the heels of the Triton purchase, energy prices fell and global economies weakened. Amerada Hess struggled through the following years, and in 2002 posted a US$ 218 million loss due primarily to

204-758: A US$ 530 million charge relating to its write-down of the Ceiba oil field. In March 2002, TXU Europe bought the UK retail gas and electricity business of Amerada Hess. It also sold its 1.5 percent stake in the Trans-Alaska Pipeline System to ConocoPhillips in February 2003. In2June, the company 6 oil and gas fields in the Gulf of Mexico to the Anadarko Petroleum Corporation and agreed to trade some properties with

272-550: A barge containing 31,000 barrels (4,900 m ) of kerosene struck a reef in the Hudson River , spilling 163,000 US gallons (620 m ) of fuel. Immediately, Hess assumed responsibility for the cleanup; the Coast Guard worked alongside the barge's owner to clean and contain the spill. Coast Guard official Howard Holmes said "The weather and wind conditions are almost as close to perfect as they could get," and this contributed to

340-615: A berth into the 2021 CONCACAF Champions League (for a total of 54 matches), from July 8 to August 11. On August 11, 2020, the Portland Timbers defeated Orlando City SC 2-1 to win the tournament. Meanwhile, the 2019–20 NBA season was concluded at the AdventHealth Arena, HP Field House, and the Visa Athletic Center. 22 teams were invited: the 16 teams in playoff position at the time of the season being put on hold due to

408-594: A day and 38% of its reserves were outside of the US and North Sea. Triton's major oil and gas assets in West Africa, Latin America and Southeast Asia would strengthen its exploration and production business and provide access to long life international reserves. Hess also stated that the purchase was expected to immediately increase the company's per-day barrel output by more than 25 percent. Similarly in 2001, Amerada Hess entered into

476-707: A jury returned a verdict for the plaintiffs with damages in the amount of $ 240 million, a fraction of the $ 1.5 billion sought. Disney appealed the judgment, and settled out of court in September 2002 for undisclosed terms. With Planet Hollywood just out of bankruptcy, Disney offered to purchase its All Star Café located here in February 2000 and acquired the lease in March 2000. It became What's Next? Cafe in 2007 before being rebranded as ESPN Wide World of Sports Grill in 2010. In August 2004, 20 acres of additional fields, four baseball diamonds with other multi-use fields, were added under

544-624: A peak in 1926 with a net income of US$ 4.9 million. However, in the years leading to the Great Depression , weakness in the oil markets contributed to sluggish profits. The aftermath of the Wall Street Crash of 1929 aggravated an already unsteady oil industry. In the first quarter of 1930, the company experienced a minor loss. The early years of the Depression were a struggle against wavering demand and overproduction in some regions. Later into

612-467: A quicker and surer cleanup than would otherwise be the case. Holmes also said that 70 percent of the spill would be gone in three days due to the natural evaporation rate of kerosene. Even though most kerosene evaporates, toxic chemicals such as benzene stay in the water and harm certain fish. In September 1990, 5,000 gallons of oil spilled into the Arthur Kill when a six million-gallon Hess Oil tank at

680-792: A reason for the merger. In May 1970, Amerada Hess drilled the first successful wildcat well in Prudhoe Bay on Alaska’s North Slope . In August, it joined with seven other companies to form Alyeska Pipeline Service Company in order to build and operate the $ 900‐million, 800‐mile Trans-Alaska Pipeline System . In October 1970, Hess stepped down from his role as chairman and CEO. However, after profits declined, he took back his roles in August 1972. The company's president and executive vice president resigned. In October 1974, Hess announced it would close its refinery in Port Reading, New Jersey . To compensate,

748-454: A series of head-to-head competitions between the players. According to event organizers, over the last four years, the Pro Bowl and festivities surrounding it have generated an estimated $ 100-million economic impact for Central Florida. In March 2019, it was announced that Wide World of Sports would host the 2022 Special Olympics USA Games. In May 2020, due to the ongoing COVID-19 pandemic in

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816-517: A sports complex, and that Wide World of Sports, which opened 10 years later, was heavily based on their designs. Disney claimed that, while the designs had some similarities, the complex was also similar to numerous other sporting facilities, and the concept of a sports park was too generic for any one group to claim ownership. The two men, represented in part by noted attorney Johnnie Cochran , sued Disney in Orange County civil court . In August 2000,

884-529: A storage terminal. thad cost $ 1.3 billion in loses over the previous three years. Hess took $ 525 million charge against its fourth-quarter 2011 earnings due to the shutdown. In May, the company sold its 15.67% interest in Schiehallion oil field , North Sea, to Royal Dutch Shell . In January 2013, Hess announced its plan to sell off its network of 19 storage terminals located on the East Coast and St. Lucia. By

952-454: Is buying Amerada with Amerada's money." Proponents of the deal won and the $ 2.4 billion merger combining a pure production company with a refinery and marketer operation was completed. However, the controversy was not yet extinguished. A federal class-action lawsuit was filed in 1972, which claimed that the proxy vote information was misleading. In 1976, a court agreed that the company falsely claimed to have considered each company's assets as

1020-548: Is now known as Hartree Partners. In 2014, Hess completed a multi-year transformation to be recognized as an exploration and production company by exiting all downstream operations, generating $ 13 billion in asset sales since the beginning of 2013. In April 2015, ExxonMobil announced its discovery of a significant oil reserve off the coast of Guyana in South America. At the time, it was estimated to contain more than 700 million barrels of oil. Hess began acquiring interest in

1088-726: Is thus similar in setup to the Little League World Series ). It also hosted the first-ever NBA play-in game between the Portland Trail Blazers and the Memphis Grizzlies in 2020 bubble basketball . First announced in March 2007, the complex's 10th anniversary year, the Visa Athletic Center (formerly Jostens Center) is a 70,000-square-foot (6,500 m) arena (36% smaller than the HP Field House without

1156-457: The 2020 NBA Bubble , MLS is Back Tournament , 2016 Invictus Games , Pro Bowl skills competition from 2017 to 2020, 1997 U.S. Men's Clay Court Championships , and Atlanta Braves spring training from 1997 to 2019 among other events. The complex hosted the 2022 Special Olympics USA Games. The Tampa Bay Rays used the complex for 2023 spring training, due to Charlotte Sports Park having been heavily damaged by Hurricane Ian . Disney built

1224-716: The Bakken formation near Tioga, North Dakota . In 1955, robust post-war growth grew the company to over US$ 100 million in annual sales. In 1964, Amerada, Shell plc , Marathon , and Continental formed the Oasis Group, a consortium to explore in Libya. Hess Oil and Chemical was founded in 1933 by Leon Hess as an operation out of Asbury Park that sold refining leftovers to hotels as heating fuel. In 1938, he purchased land in Perth Amboy for his first oil storage terminal and in 1958 opened

1292-677: The Cincinnati Reds . On April 21–27, the main tennis courts hosted the U.S. Men's Clay Court Tennis Championships. A grand opening was held May 15, 1997. The initial build out consisted of nine venues with a 10th, the Olympic velodrome, expected in the third quarter 1997. Initial tenants were Braves & its rookie team, the Harlem Globetrotters , NFL Experience , the U.S. Men's Clay Court Championships , Amateur Athletic Union , Official All Star Café and Northeastern University 's Center for

1360-717: The EnCana Corporation . Further, Amerada Hess cut exploration and production jobs by 30 percent and reduced office space in Aberdeen, Scotland, and London. However, from 2003 through 2006, Amerada Hess posted steadily increasing profits as the company reported US$ 1.920 billion in net income. In May 2006, Amerada Hess Corp. changed its name to Hess Corp. In May 2010, Hess announced a joint venture with Toreador Resources of France to develop Toreador's one million gross acres in France's Paris Basin . In July, Hess announced it would acquire

1428-625: The Miami Heat 106-93 to win the best-of-7 series 4-2. In 2021, the NBA G League reached an agreement to host the 2020–21 season exclusively at the complex. On March 11, 2021, the Lakeland Magic defeated the Delaware Blue Coats 97-78 to win the championship. A 7,500 seat baseball stadium built in 1997 also has 2,000 more lawn seating. One of the original components of Wide World of Sports, it

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1496-488: The USL Pro Orlando City Soccer Club during the 2014 season. The team had additional seating added for a total of 5,200 seats. Consisting of four professional baseball fields and one practice infield , the quadraplex also includes batting tunnels, pitching mounds, hitting tunnels, masters pitching machines, and ten bullpens . All fields are equipped for night play. The first venue to be completed at

1564-411: The 1930s, financial forecasts for Amerada became more positive. In December 1941, the company reorganized by merging the holding company and the principal operating subsidiary , Amerada Petroleum Corporation, into a simplified operating company. The new entity also adopted the former subsidiary's name. During the 1950s, the company expanded into pipelining and refining. In 1951, it discovered oil in

1632-567: The Baseball Quadraplex, Softball Quadraplex and four multiple purpose fields. One of the fields has 500 permanent seats, and another has 1,000 permanent seats, expandable to up to 3,000 with additional grandstands. Field 17, the field with the larger grandstands, hosts the Walt Disney World Pro Soccer Classic , an annual eight-team preseason soccer tournament featuring Major League Soccer teams. The complex hosted

1700-1324: The Company's downstream businesses, including retail, energy marketing, and energy trading." The 1,350 gas stations in the Northeast, Carolinas, and Florida accounted for just 4% of its revenue. It also noted that Hess would sell its holdings in Indonesia and Thailand. Hess would focus exclusively on oil production, following a trend in the oil industry for companies to spin off their downstream assets and focus on their more profitable upstream business; ConocoPhillips and Marathon Oil also made similar spinoffs in recent years with Phillips 66 and Marathon Petroleum , respectively. In April 2013, Hess Corp announced it would be selling its Russian unit to Lukoil for $ 2.05 billion. In July 2013, Hess Corp said it would sell its energy marketing unit to UK firm Centrica for around $ 1.03 billion. In July 2013, Hess agreed to sell its wholesale and retail oil, natural gas and electricity marketing business to Direct Energy . In October 2013, Hess Corp announced it would sell its East Coast and St. Lucia storage terminal network to Buckeye Partners LP for $ 850 million. In December 2013, Hess Corp announced that it

1768-686: The ESPN complex. The stadium has hosted two regular season Major League Baseball series in 2007 and 2008 featuring the Tampa Bay Rays as the home team. A 5,000-seat multi-purpose arena , formerly the Milk House, Disney Fieldhouse and HP Field House , sponsored by State Farm . It hosts the ESPN Events Invitational college basketball tournament annually. The State Farm Field House has 50,000 square feet (4,600 m) with stadium style seating with

1836-705: The Joint Development Area of Malaysia and Thailand). In 1919, British oil entrepreneur Lord Cowdray formed the Amerada Corporation to explore oil production in North America. The firm was incorporated on February 7, 1920, in Delaware as a holding company for its principal subsidiary, the Amerada Petroleum Corporation . The oil producer experienced growth during most of the 1920s, hitting

1904-813: The Study of Sport in Society. Disney bid for the Florida state high school football finals for 1997 but lost to Gainesville. In June 1999, the complex made a deal with the Florida High School Activities Association to host the state prep volleyball championships at the Disney Fieldhouse for three years. USA Trampoline and Tumbling Championships was held at the complex the weekend of June 7, 1997. A former baseball umpire and an architect alleged that they approached The Walt Disney Company in 1987 with plans for

1972-563: The US$ 100 million facility on former wetlands under the direction of Disney Vice President Reggie Williams . Construction started in July 1995. The complex was built to publicize Walt Disney World, fill hotel rooms, grow sponsorship revenue, and build Walt Disney World's position as a sports destination. The venue opened on March 28, 1997, with an exhibition baseball game between the Atlanta Braves and

2040-526: The United States , there were reports that both Major League Soccer and the NBA were in talks with Disney to host the teams to have their respective seasons in the complex. It was then confirmed that the complex would host both leagues. The 2020 Major League Soccer season held the MLS is Back Tournament , which had three regular season matches for each of the 26 teams as well as a bracket tournament to determine

2108-504: The acreage in 2018. By 2022, the estimation surpassed 11 billion barrels. In October 2023, Chevron Corporation announced that it would acquire Hess Corporation in an all-stock deal for $ 53 billion, or $ 60 billion including debt. However, since this would give Chevron control of Hess' 30% interest in the Guyana oil fields, Exxon protested and claim to have a right of first refusal to acquire those assets. In March 2024, Exxon and CNOOC ,

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2176-545: The area for complex visitors and budget-minded Disney World visitors. Shelved due to economic downturn, the project was revived with the 2013 sale of the property to first phase developer JL Properties Inc. of Alaska. An October 16, 2014, groundbreaking took place for the first phase, consisting of two Marriott International brand hotels which opened in January 2016. From 2006 to 2008, the Disney Channel Games were held at

2244-782: The company acquired the London-based Monsanto Oil Company from Monsanto to increase its interests in two oilfields in the North Sea. In July 1988, Amerada Hess announced it would acquire Whitehall Ltd., a British oil and gas exploration company, from Pearson PLC for $ 160 million. The deal included Whitehall's interests in the Ivanhoe, Rob Roy, Waverley, Forties , Alba, and Anglia oil fields, as well as significant North Sea gas reserves. In September 1990, Amerada Hess acquired British Petroleum's stake in Norway's Brage oil field , which

2312-428: The company ranked 394th in the 2016 annual ranking of Fortune 500 corporations. In 2020, Forbes Global 2000 ranked Hess as the 1,253rd largest public company in the world. The company has exploration and production operations on-shore in the United States ( North Dakota ) and Libya; and off-shore in the United States ( Gulf of Mexico ), Canada, South America ( Guyana and Suriname ) and Southeast Asia (Malaysia and

2380-565: The company was added to the Dow Jones Sustainability World Index . In August 1976, 600 gallons of oil seeped into the Arthur Kill and Raritan River when a barge heading to Hess' Perth Amboy facility struck a rock. A month later, Amerada Hess and eight other oil companies that operated in the area, announced plans to form a mutual aid cooperative that would clean up major oil spills in the harbor. On October 28, 1990,

2448-648: The company would expand its activities at its Virgin Islands and Mississippi locations, including an $ 18 million container port in St. Croix. In December 1981, Hess joined with Mobil in its bid to acquire Marathon and avoid antitrust concerns. However the deal ultimately fell through and United States Steel Corporation proved to be the winning bid. Hess stepped down from his role as CEO in May 1982. Company president Philip Kramer replaced him, while Hess remained chairman. In November 1985,

2516-494: The company's board due to his past communications with OPEC . Hess outlined in its 2006 Corporate Sustainability Report a "four-element" strategy to reduce and control greenhouse gas emissions . The strategy's steps included monitoring, measuring, managing, and mitigating the emissions. The company intended to improve its environmental impact through reporting results, increasing energy efficiency and recovery, and participating in carbon capture and trading. In December 2022,

2584-712: The company's first refinery, located in Port Reading. The company went public in 1962 after merging with the Cletrac Corporation, a company that made farm equipment. In October 1966, the company opened an oil refinery on Saint Croix of the US Virgin Islands under Hess Oil Virgin Islands Corporation. In 1966, Hess paid $ 100 million to the British government to acquire 10% of Amerada. Albert Levinson became

2652-443: The company. The new claims would be employed in a May stockholder vote deciding the merger's fate. The voting took place amidst shareholder rancor that, in addition to echoing Adler's arguments, objected to Amerada's financing of the recently completed tender offer. Hess planned to cancel the shares, and the newly formed company would absorb the cost of the acquisition. One shareholder at the meeting quipped, "It looks to me as if Hess

2720-679: The complex as its third indoor multi-purpose sports and entertainment arena. Also that month, United States Specialty Sports Association left for the Space Coast Complex in Viera, Florida ending its use of ESPN's complex. Since 2017, the Complex is host of the NFL Pro Bowl activities prior to the game. Besides having open practices for fans, ESPN broadcasts the Pro Bowl Skills Showdown,

2788-415: The complex since 2006. In recent years, the complex has been utilized in wide ranges from many youth and collegiate sports activities to even providing alternative measures for some professional sports leagues to complete their seasons in some safer environments. Some of these following programs and events have taken place in various areas at the complex over the years. Sports complex From Misplaced Pages,

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2856-595: The complex was rebranded as the ESPN Wide World of Sports Complex. It received a massive upgrade, having installed HD video scoreboards at several venues, a new complex-wide audio system, and a broadcast production facility. New venues and activities at the complex included the PlayStation Pavilion and Custom Tee Center by Champion. Prior to the rebranding in 2007, Disney announced a 450-acre Flamingo Crossings hotel-and-retail development. It would be located near

2924-530: The complex. In July 2015, it was announced that the 2016 Invictus Games would be held at the complex. The Invictus Games were held from May 8 to 12, 2016. Prince Harry , Michelle Obama , and Morgan Freeman all spoke at the Opening and Closing ceremony. Over 500 service members were in attendance, along with other notable public figures, including former United States President George W. Bush and Second Lady Jill Biden . In early January 2018, The Arena opened at

2992-666: The complex. Due to actor availability issues, The Disney Channel Games were cancelled in 2009 and onwards. From May 9–11, 2014, a WNBA pre-season tournament consisting of four teams was held alongside an AAU girls basketball tournament at the complex, with the Minnesota Lynx winning the tournament over the Chicago Sky 76–69. While the Citrus Bowl was under repairs, the Orlando City Soccer Club played its 2014 home games at

3060-480: The end of February 2013, and while Elliott waged its proxy fight, Hess permanently closed its Port Reading, New Jersey petroleum refinery. Gas prices had risen to their highest levels since October 2012 and Hess said it would lay off 170 of 217 employees at the plant, exit the refinery business and look for a buyer for its 19 storage terminals. On March 4, 2013, Hess announced that it would sell its domestic refineries and retail operations and would be "fully exiting

3128-505: The expected $ 324 million in proceeds to pay off debt. It also allowed the company to focus on its more profitable operations in the Virgin Islands and North Sea . In February 1998, Hess sold 50% of its Virgin Islands refinery for $ 625 million. Operations were taken over by Hovensa LLC, a joint venture between Hess and the Venezuelan state-owned PDVSA . In February 2000, Hess acquired the Meadville Corporation and rebranded all 178 Merit gas stations as Hess. The Merit gas station chain

3196-422: The facility, it consists of six fields used for softball and youth baseball . Organized with four fields in circle and two adjacent. A 1,000 to 8,500 seat tennis complex with 10- clay courts with center court stadium and was one of the original nine venues. A 500-seat competition facility for track and field events, designed to International Association of Athletics Federations specifications. This venue

3264-3047: The 💕 Group of sports facilities A sports complex is a group of sports facilities. For example, there are track and field stadiums , football stadiums , baseball stadiums , swimming pools , Olympic Parks , and indoor arenas . Asia [ edit ] Azadi Sport Complex Cebu City Sports Complex Dasana Indah Sport City Davao City–UP Sports Complex Davao del Norte Sports Complex Deli Sport City Doyo Baru Sport Complex Gelora Bung Karno Sports Complex Gelora Bung Tomo Sports Complex Rizal Memorial Sports Complex Jerusalem Sports Quarter Jakabaring Sport City Jalak Harupat Sports Complex JRD Tata Sports Complex Kai Tak Sports Park Kalinga Stadium Lukas Enembe Sport Complex Malaysia National Sports Complex Marikina Sports Center Mimika Sport Complex Nanjing Olympic Sports Center New Clark City Sports Complex Olympic Green Panaad Park and Sports Complex Rawamangun Sports Complex Shree Shiv Chhatrapati Sports Complex Seoul Sports Complex Siliwangi Sport Complex Singapore Sports Hub The Sports Hub Trivandrum Europe [ edit ] Anella Olímpica Athens Olympic Sports Complex Faliro Coastal Zone Olympic Complex First Direct Arena Foro Italico Goudi Olympic Complex Headingley Stadium Hellinikon Olympic Complex Horsfall Stadium Manchester Regional Arena Odsal Stadium Olympiapark Berlin Park Avenue (stadium) Prioritet Serneke Arena Queen Elizabeth Olympic Park Torino Olympic Park North America [ edit ] Camden Yards Sports Complex ESPN Wide World of Sports Complex Gateway Sports and Entertainment Complex Meadowlands Sports Complex Olympic Park, Montreal South Philadelphia Sports Complex Truman Sports Complex Whistler Olympic Park Oceania [ edit ] Ballarat Sports Events Centre Canberra International Sports & Aquatic Centre Marden Sports Complex Marrara Sporting Complex Maroochydore Multi Sports Complex Melbourne Sports and Entertainment Precinct Moreton Bay Central Sports Complex Murray Sporting Complex Piggabeen Sports Complex Queensland Sport and Athletics Centre Springvale Indoor Sports Centre South Pine Sports Complex Sydney Olympic Park Willows Sports Complex South America [ edit ] Atanasio Girardot Sports Complex Barra Olympic Park Deodoro Olympic Park See also [ edit ] Sport venue Multi-purpose stadium References [ edit ] Retrieved from " https://en.wikipedia.org/w/index.php?title=Sports_complex&oldid=1257919971 " Categories : Sports venues Sports complexes Hidden categories: Articles with short description Short description matches Wikidata Hess Corporation Headquartered in New York City ,

3332-428: The highest row 35 feet (11 m) off the floor. It also features a smaller gymnasium behind the main arena with retractable seating. It was formerly sponsored by the California Milk Processor Board , progenitors of the famous Got Milk? campaign. Beginning in 2018, the arena hosts the Jr. NBA Global Championship, a tournament that features both boys' and girls' teams divided into national and international regions (and

3400-628: The independent American Oil & Gas for $ 445 million. In the first half of 2013, Hess was subjected to a proxy battle against activist investor Elliott Associates , which owned 4% of its stock at the time. Elliott criticized Hess for being "distracted" from oil exploration and production by other activities, wasting capital, and relying too heavily on the Hess family and their allies. In January 2013, Elliott announced its intentions to acquire additional Hess stock. It also called on Hess to sell certain assets and asked Hess investors to vote for five new directors as part of an effort to reconfigure

3468-403: The name of Hess Sports Fields. Plans for a 100 lane bowling stadium with restaurant was announced for the complex by Disney officials in May 2008. This stadium would be built and operated by a third party and was supposed to completed in 18 months. About 13 United States Bowling Congress tournaments were expected for the facility. During an ESPN the Weekend kick off event on February 25, 2010,

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3536-470: The new company. Before the stockholder vote on the matter, Phillips Petroleum , an integrated oil firm, approached Amerada with its merger proposal, but the offer was declined in March 1969. Still interested, Phillips nonetheless stated it would not carry out a lawsuit against the proposed Hess deal. Hess, fearing such a strategy, made a cash tender offer of US$ 140 million for an additional 1.1 million shares of Amerada, which would double its holding in

3604-499: The oil firm and thus boost its share price. "Buried within Hess Corp. is one of the premier U.S. resource play -focused companies," Elliott wrote. Another Hess Stockholder, Relational Investors , came out in support of Elliott. A point of contention was that several members of the company's board were close associates of the Hess family and did not have experience in oil. These included former New Jersey governor Thomas Kean , former Georgia senator Samuel A. Nunn , and Gregory Hill,

3672-402: The pandemic, including the host Orlando Magic , and the six teams within six games of the eighth and final playoff spot in either conference. The three chosen arenas hosted scrimmages, eight regular season games for each team invited to the NBA Bubble starting July 30, a play-in mini-series, and the entirety of the NBA Playoffs and Finals . On October 11, 2020, the Los Angeles Lakers defeated

3740-458: The president of worldwide exploration and production for Hess. Elliott announced five candidates for board seats. In March, Hess announced that it was acting on some of Elliott's suggestions. It replaced six directors, raised its dividends, and introduced a stock buyback. The company also announced its plan to sell off the Hess stations division and all other consumer-facing endeavors. However, Elliott said that Hess' changes fell far short of what

3808-473: The retail unit of Hess Corp for $ 2.87 billion. Following the closure of the acquisition in late 2014, it was announced that all Hess gas stations were to be rebranded as Speedway gas stations by the end of 2017, although a few stations ended up taking on another company. The company also sold its 50% interests in the Bayonne Energy Center and Newark Energy Center , as well as its 50% interest in Hess Energy Trading Company (HETCO) to Oaktree Capital . HETCO

3876-409: The senior vice president and designed the modern-day Hess logo. In December 1968, Hess and Amerada announced plans for a merger. Some Amerada stockholders, led by Morton Adler, criticized the arrangement as being too favorable for Hess. Adler argued that Amerada's oil reserves would contribute most of the assets for the proposed company, and that Amerada stockholders should retain greater control of

3944-422: The stadium seating) that opened in the fall of 2008. The center features six college-size basketball courts , twelve volleyball courts , or two roller hockey rinks . Its seating capacity is 1,200. AdventHealth Arena opened in early January 2018 as the third indoor multi-purpose sports and entertainment arena at the complex. While multipurpose, the venue was designed for cheer and dance events. Its first event

4012-405: The third partner in the offshore Stabroek block, filed arbitration cases with the International Chamber of Commerce to stop the deal. Hess shareholders, meanwhile, approved the acquisition that May. The arbitration hearing is expected to be heard in May 2025. In September 2024, the Federal Trade Commission conditioned approval of the merger upon John B. Hess being prohibited from serving on

4080-490: The year. In reference to the weekly ABC Sports television show, Wide World of Sports ( Disney bought ABC in 1996), the complex was originally known as Disney's Wide World of Sports Complex from 1997 until 2010, when it was rebranded with the name of the Disney-owned ESPN . The complex is a part of the sports tourism emerging market. The complex is mainly used for AAU tournaments; however, many prominent professional sporting events have taken place here, including

4148-577: Was due to start producing in 1994. The company closed a Mississippi refinery in January 1994, eliminating 160 jobs. In October, Amerada Hess formed a joint venture with Gabon to gain access to the Rabi-Kounga oil field . In 1995, Hess stepped down as chairman and CEO of the company, and was replaced by his son, John Hess. He died in May 1999. In April 1996, Petro-Canada paid $ 538 million to Amerada Hess Corp. for all shares of its Amerada Hess Canada Ltd subsidiary. In May, Hess announced it would sell nine United States oil and natural gas fields and use

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4216-515: Was finally reached hours before the company's annual investor meeting with shareholders. Hess agreed to give Elliott three board seats if it supported the company's five nominees. As of the fourth quarter of 2014, Elliott owned 17.8 million shares of Hess, worth $ 1.3 billion, making it Elliott's largest holding. On January 18, 2012, the company announced that it would close the Hovensa refinery in St. Croix , United States Virgin Islands by mid-February 2012. The refinery would continue to serve as

4284-518: Was formerly known as Champion Stadium , Cracker Jack Stadium and The Ballpark at Disney's Wide World of Sports . It was the spring training home of the Atlanta Braves from 1997 to 2019, and the recurring home for the Gulf Coast Braves . The Braves initially announced that 2017 would be their final year in the complex, but their departure would be delayed to 2019. In 2020, the Atlanta Braves officially moved their spring training site to CoolToday Park located in North Port, Florida after 21 years in

4352-413: Was needed. Relational was also unimpressed. In April, it was reported that Hess would close its London office on Elliott's advice. By May, Elliott had the support of influential advisors Institutional Shareholder Services and Glass Lewis . The company announced it would split the chief executive and president roles in a move to appease shareholders. John B. Hess remained as chief executive. A deal

4420-417: Was one of the original nine venues. Disney created a third of its events while bidding for other tournaments or attracting long term partners such as the Amateur Athletic Union. As of 2006, the union hosted at the complex 30 to 35 tournaments a year. The United States Specialty Sports Association had reserved six weekends at the complex. Disney also hosted more than 180 events involving more than 30 sports at

4488-425: Was primarily located in the Boston , New York, and Philadelphia markets. In April, the company spent $ 555 million for a 49% stake in the state-owned Sonatrach to develop the El Gassi, El Agreb and Zotti fields in Algeria. In July 2001, Amerada Hess purchased Triton Energy Limited for $ 2.6 billion in order to put more focus on exploration. After the deal, the company's oil production increased to 535,000 barrels

4556-433: Was selling its Indonesian assets to an Indonesian petroleum consortium. By the end of the On January 8, 2014, Hess filed for a tax-free spin-off of its gas station network. The newly formed company was to be known as Hess Retail and would include over 1,200 stores throughout the Eastern United States. Before completing the spin-off, Marathon Petroleum subsidiary Speedway LLC announced on May 22, 2014, that it would acquire

4624-489: Was the UCA and UDA College Cheerleading and Dance Team National Championship, January 12 to the 14, 2018. It has 8,000 seats in standard arena configuration, and features a flexible configuration that can accommodate six regulation-sized basketball or volleyball courts. AdventHealth Arena hosted the Eastern and Western Conference Finals of the 2020 NBA Playoffs , along with the 2020 NBA Finals . Marathon Sports Fields, presented by Marathon Petroleum , consists of twelve fields,

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